Global Smart Home Appliances Market Poised To Reach Us$ 154.45 Billion By 2031, Driven By 11.63% Cagr As Revealed In New Report

The global smart home appliances market is experiencing rapid growth, driven by increasing connectivity and digitalization. With a projected CAGR of 11.63% from 2023 to 2031, the market is expected to reach US$154.45 billion by 2031. Key players in the market include AB Electrolux, GE Appliances, LG Electronics, and Samsung Electronics. Smart appliances offer convenience, efficiency, and enhanced functionality through IoT, AI, and ML technologies, and are redefining home living.